Federal Bank boosts stake in Ageas Federal Life to 30%

Federal Bank announced today, November 11, 2025, the acquisition of an additional 4% stake in Ageas Federal Life Insurance Company Limited (AFLIC). This strategic move involved purchasing 32 million equity shares from Ageas at a price of Rs. 30.45 per share, bringing Federal Bank's total shareholding in AFLIC to 30% on a fully diluted basis.

The total consideration for this acquisition amounted to INR 97,44,00,000. This transaction was executed in accordance with the Share Purchase Agreement dated April 30, 2025, and follows the satisfaction of all requisite regulatory approvals and conditions precedent specified in the agreement.

This intimation, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reinforces Federal Bank's commitment to its investment in AFLIC.